Investors fuel bond bubble

European investors placed nearly €14 billion of new money into fixed income, bringing the quarterly total to €37 billion for bond funds. The latest dat on European asset flows from Morningstar highlights a similar story in the US, where investors have been fleeing equities for bonds for many months now. But recent flows into bond funds should not be interpreted as a vote of confidence in the Eurozone, says Dan Lefkovitz, from Morningstar's European Research Team. He points out that, rather than government bond funds, European investors showed a preference for corporate debt, corporate h...